Also, if you have a more modern unit, they have some pretty trendy patterns available, just FYI, and your higher-end tenants might appreciate it. 

I think the way our society is now, people will need more and more places to live that a smaller house that is a new build will be a huge selling point.

It seems if you build it out into a proper modern small set of apartments, you can avoid any big maintenance issues for a long time, as well as making something highly desirable/and therefore priced accordingly. 

The great majority of our community owner clients are using related finance companies as a tool to buy low occupancy communities and fill and modernize them thus making major changes in the values of the communities they acquire.I wonder how he intends to do it? 

I have heard American Modern offers something along these lines. 

The roof, master shower, and carpets throughout need replaced, and although the property is structurally in good shape and the AC\HEAT is in good condition, the house has never been updated to today's modern look.I want to walk away with 40,000 in cash but I am afraid that after the projected closing costs of $13000 that include the realtors $9600 commission I wont get the $40,000 because it needs a roof, shower, and carpet.   

It's 3 years old and is a modern, kind of fancy place that we paid a high price per square foot to get into.

If they are all clean cosmetic rehabs that are fully modernized then you either have to rip it down and drywall everything or do something creative like the others have mentions in this thread.

It's truly good for society, and I make a really nice profit that rolls into the new homes, while allowing the 12-25% cash on cash return to fund the things above.

The modern color today is a pale grey.